Can I retire at age 60 with 900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,321$73,659$73,013$72,383$71,767$71,255
2 years$36,793$36,107$35,443$34,799$34,175$33,659
3 years$24,285$23,597$22,934$22,296$21,682$21,177
4 years$18,032$17,346$16,690$16,063$15,464$14,975
5 years$14,281$13,599$12,952$12,338$11,755$11,283
6 years$11,782$11,105$10,467$9,867$9,302$8,847
7 years$9,997$9,326$8,698$8,112$7,565$7,128
8 years$8,659$7,994$7,377$6,805$6,276$5,857
9 years$7,619$6,960$6,354$5,796$5,285$4,884
10 years$6,787$6,135$5,539$4,997$4,503$4,120
11 years$6,108$5,462$4,877$4,348$3,873$3,507
12 years$5,541$4,902$4,328$3,814$3,356$3,007
13 years$5,063$4,430$3,867$3,367$2,927$2,594
14 years$4,653$4,027$3,474$2,989$2,565$2,249
15 years$4,298$3,679$3,137$2,666$2,259$1,958
16 years$3,987$3,375$2,844$2,387$1,996$1,711
17 years$3,714$3,108$2,588$2,145$1,770$1,499
18 years$3,471$2,872$2,362$1,933$1,574$1,318
19 years$3,254$2,662$2,163$1,746$1,403$1,160
20 years$3,059$2,474$1,985$1,582$1,253$1,024
21 years$2,883$2,304$1,826$1,436$1,121$905
22 years$2,722$2,151$1,683$1,305$1,005$801
23 years$2,577$2,012$1,554$1,189$902$710
24 years$2,443$1,885$1,437$1,084$811$630
25 years$2,320$1,769$1,331$990$730$560
26 years$2,207$1,662$1,234$905$657$497
27 years$2,103$1,564$1,146$829$593$443
28 years$2,006$1,474$1,065$759$535$394
29 years$1,916$1,391$991$696$483$351
30 years$1,832$1,313$924$639$436$313
31 years$1,754$1,242$861$587$394$279
32 years$1,680$1,175$803$539$357$249
33 years$1,612$1,113$750$496$323$222
34 years$1,547$1,054$701$456$292$198
35 years$1,487$1,000$655$420$265$177
36 years$1,429$949$613$387$240$158
37 years$1,375$902$574$356$217$141
38 years$1,324$857$537$329$197$126
39 years$1,276$815$503$303$179$113
40 years$1,230$775$472$279$162$101
41 years$1,187$738$442$258$147$90
42 years$1,146$703$415$238$133$81
43 years$1,107$670$389$220$121$72
44 years$1,069$638$366$203$110$65
45 years$1,034$609$343$187$100$58
46 years$1,000$581$322$173$91$52
47 years$968$554$303$160$82$46
48 years$937$529$285$148$75$41
49 years$907$505$267$136$68$37
50 years$879$482$251$126$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $900,000, adding $4,457 every year, while hoping to spend $25,066 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/12/14 Blend
59$900,000$900,000$900,000$900,000
60$996,397$948,697$934,747$1,066,817
61$1,071,360$968,514$939,391$1,133,805
62$1,153,128$988,461$943,351$1,203,641
63$1,242,371$1,008,518$946,576$1,279,483
64$1,339,822$1,028,665$949,016$1,361,918
65$1,446,291$1,048,877$950,616$1,451,597
66$1,562,669$1,069,129$951,318$1,549,234
67$1,689,937$1,089,391$951,062$1,655,616
68$1,829,174$1,109,635$949,786$1,771,612
69$1,981,569$1,129,826$947,423$1,898,177
70$2,148,432$1,149,931$943,905$2,036,364
71$2,331,205$1,169,910$939,158$2,187,335
72$2,531,474$1,189,722$933,107$2,352,368
73$2,750,990$1,209,323$925,671$2,532,872
74$2,991,677$1,228,666$916,767$2,730,399
75$3,255,657$1,247,700$906,307$2,946,660
76$3,545,266$1,266,369$894,201$3,183,540
77$3,863,077$1,284,616$880,351$3,443,117
78$4,211,925$1,302,376$864,657$3,727,679
79$4,594,933$1,319,584$847,014$4,039,750
80$5,015,539$1,336,166$827,312$4,382,109
81$5,477,532$1,352,047$805,435$4,757,819
82$5,985,087$1,367,143$781,263$5,170,257
83$6,542,800$1,381,368$754,671$5,623,143
84$7,155,739$1,394,628$725,525$6,120,577
85$7,829,482$1,406,823$693,688$6,667,078
86$8,570,180$1,417,847$659,017$7,267,625
87$9,384,604$1,427,588$621,359$7,927,706
88$10,280,217$1,435,923$580,559$8,653,369
89$11,265,243$1,442,727$536,451$9,451,279
90$12,348,739$1,447,862$488,863$10,328,781
91$13,540,686$1,451,183$437,616$11,293,971
92$14,852,082$1,452,537$382,522$12,355,771
93$16,295,043$1,451,760$323,386$13,524,011
94$17,882,919$1,448,678$260,001$14,809,529
95$19,630,422$1,443,108$192,155$16,224,265
96$21,553,757$1,434,853$119,626$17,781,381
97$23,670,786$1,423,706$42,178$19,495,381
98$26,001,186$1,409,447$0$21,382,248
99$28,566,640$1,391,843$0$23,465,646
100$31,391,040$1,370,646$0$25,766,060